The 15 pips Moving Average Forex scalper indicator for Metatrader 4 works great for scalping the currency market during the London and New York trading sessions.
The buy/sell MA scalper rules are very simple to understand:
- Open a buy scalping trade when the previous candlestick is positioned above the Moving Average scalper red line.
- Open a sell scalping trade when the previous candlestick is positioned below the Moving Average scalper red line.
It’s recommended to set the indicator’s “p” value to 100 and above for more accurate signals.
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Moving Average Scalper Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With Moving Average Scalper Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy scalper trade when the previous candlestick has closed above the MA scalper red line.
Place a stop loss below immediate support, or use your own stop loss strategy.
Close the buy trade for a 15 pips profit target or better.
Sell Trigger: Open a sell scalper trade when the previous candlestick has closed below the MA scalper red line.
Place a stop loss above immediate resistance, or use your own stop loss strategy.
Close the sell trade for a 15 pips profit target or better.
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P, colors, width, style.
The indicator can be used as a stand-alone scalping signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend scalper
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.